Pipeline Financial Group, Inc.

Andrew Roper

Henri Waelbroeck

Fred J Federspiel

Howard Engelhart

Sean Kirkpatrick

In a trading system for trading securities or the like, traders are given various methods for providing protection from poor executions caused by adverse movements in the market and/or other traders seeking to 'game' the system.

Block trading system and method providing price improvement to aggressive orders

An exemplary embodiment comprises a method for trading items among a plurality of traders, the method comprising: (a) receiving a first order for at least one item from one of the traders into an electronic trading system, wherein the first order provides priority for said at least one item but does not reserve said at least one item; (b) receiving, from another one of the traders, a second order into the electronic trading system that matches said first order; (c) determining that at least a portion of the first order is available to be filled by at least a portion of the second order; (d) reserving said at least a portion of said first order for execution against said at least a portion of said second order; and (e) executing said at least a portion of said first order against said at least a portion of said second order.

In a trading system for trading securities or the like, Contra Targeting is performed by enabling users to expose the liquidity within their order management system without divulging order management system information to a central trading server. Also, virtual orders can be placed and executed which give users price-time priority on an order without reserving the shares until the moment of execution.

Growing community of inventors

Brooklyn, NY, United States of America

Andrew Roper